Leju (NYSE:LEJU) Downgraded to Hold at ValuEngine

ValuEngine lowered shares of Leju (NYSE:LEJU) from a buy rating to a hold rating in a research note released on Tuesday, ValuEngine reports.

Shares of LEJU stock opened at $1.83 on Tuesday. The stock has a 50 day simple moving average of $1.78 and a 200-day simple moving average of $1.56. The company has a market cap of $241.65 million, a price-to-earnings ratio of 29.67 and a beta of 2.49. Leju has a 12-month low of $1.05 and a 12-month high of $2.10.

A hedge fund recently raised its stake in Leju stock. Renaissance Technologies LLC boosted its stake in shares of Leju Holdings Ltd (NYSE:LEJU) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,211,931 shares of the financial services provider’s stock after buying an additional 27,837 shares during the quarter. Renaissance Technologies LLC owned 0.89% of Leju worth $1,672,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 1.19% of the company’s stock.

Leju Company Profile

Leju Holdings Limited, through its subsidiaries, provides online to offline (O2O) real estate services in the People's Republic of China. The company offers real estate e-commerce, online advertising, and online listing services through its online platform, which comprises Websites covering 377 cities and various mobile applications for the real estate and home furnishing industries.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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